Swift Title Loan
Sign up by noon, get cash today!
Bad credit & past bankruptcies? All welcome to apply!
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Easily apply online
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Get cash and keep your car
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Repay loan and get title back
Swift Title Loan
Sign up by noon, get cash today!
Bad credit & past bankruptcies? All welcome to apply!
Easily apply online
Get cash and keep your car
Repay loan and get title back
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Title loans are legal in Ohio and are made under the Consumer Installment Loan Act, Ohio Revised Code §§ 1321.62 to 1321.702. There is no separate title lending chapter — the loan is a consumer instalment loan that happens to be secured by your vehicle, and the lender is licensed by the Department of Commerce's Division of Financial Institutions.
Ohio sets no minimum or maximum loan amount. In practice most Ohio lenders work in the $2,500 to $15,000 range, and what you are offered turns on your vehicle's value and your ability to repay.
Interest is capped at 25% per year on the unpaid principal balance, figured by the actuarial method — so unlike a flat monthly charge, the interest falls as the balance does. That cap covers interest only. Ohio separately permits a one-time origination charge, which may be added to the balance, so the APR you actually pay sits above 25%.
The minimum term is six months with no state maximum, and the lender may not refinance or roll the loan over during the first 120 days. There is no prepayment penalty and credit insurance cannot be made a condition of the loan.
2019 Honda CR-V | 2023 Jeep Renegade | |
| Loan Term | 24 month | 36 month |
| Estimated Vehicle Value | $0 | $0 |
| Loan Amount | $5113 | $4299 |
| Processing Fee | $75 | $75 |
| Lien Recording Fee | $15 | $15 |
| Monthly Payment | $370.54 | $259.81 |
| Monthly Interest | 5.00 | 5.00 |
| APR | 60.00% | 60.00% |
*All our repayment plans are without any hidden fees or prepayment penalties.
| Rule | What Ohio Allows |
|---|---|
| Legal structure | A consumer instalment loan secured by your vehicle, made under the Consumer Installment Loan Act by a lender licensed with the Division of Financial Institutions |
| Interest | Up to 25% per year on unpaid principal balances, calculated by the actuarial method (§ 1321.68(A)) |
| Origination charge | One-time, and may be added to the balance: $15–$200 on loans under $5,000; $250 or 1% of the loan, whichever is greater, at $5,000 and above |
| Amount | No state minimum and no state maximum |
| Term | At least 6 months; no state maximum |
| Rollovers | Prohibited — no refinancing during the first 120 days |
| Prepayment | No penalty |
| Credit insurance | Cannot be required as a condition of the loan |
| Late fee | Once a payment is 10 or more days late, the greater of 5% of the missed payment or $20 |
| Returned payment fee | Capped at $20 |
| Collection limits | Damages and costs are limited to the originally contracted loan amount; no wage garnishment and no criminal prosecution |
Ohio's 25% ceiling applies to interest on the unpaid balance, so the interest you pay shrinks as the loan amortises. The one-time origination charge is what pushes the effective APR above the headline cap, and it weighs more heavily on smaller loans.
The table shows the statutory maximum with that charge counted in. These are ceilings, not quotes.
| You Borrow | Term | Interest + Charges | Total You Repay | All-in APR |
|---|---|---|---|---|
| $1,000 | 12 months | $169 | $1,169 | ~30% |
| $2,500 | 24 months | $766 | $3,266 | ~27% |
| $5,000 | 36 months | $2,363 | $7,363 | ~28% |
Ohio lenders must be licensed. You can check the state's licence database or NMLS Consumer Access before you borrow.
Before you sign, the lender must show the APR, every fee, the payment schedule and the total cost, together with a plain statement that the loan may cost more than borrowing from a bank or credit union. There is no prepayment penalty, and credit insurance cannot be made a condition of getting the loan.
Late fees are capped at the greater of 5% of the missed payment or $20, and only once a payment is at least 10 days late; a returned payment cannot cost you more than $20. If things go wrong, damages and costs a lender may pursue are limited to the amount originally contracted, and Ohio permits neither wage garnishment nor criminal prosecution over the debt.
Before you sign, be clear on the payment, the number of payments, and the total you will have paid when the schedule ends. The figures in your own agreement are the ones that count, not the examples on any website — ours included.
A title loan is one way to cover a shortfall, and it is worth putting it next to a few alternatives before you commit your car's title. A credit union small-dollar loan, a payment plan negotiated directly with the biller, a paycheck advance from your employer, or help from a local assistance programme will often cost less. If none of those work, borrow the smallest amount that solves the problem and pay it off as quickly as your budget allows.
Keep your vehicle in the picture too. The title is the security, so a loan you cannot repay puts the car you rely on at risk — and in most cases that car is worth considerably more than the loan.
Quick answers to help you feel confident about title loans.
Title loans made simple.
Get a free quote online in 7 minutes,* or visit a location near you. Same-day funds available.*
207 E Canal St #7, Mulberry, FL 33860 | (863) 591-5449
Approval for any loan product from Swift Title Loans is based on our internal underwriting standards. Rates, terms, and the types of loans available to you depend on the laws of your state and your individual financial situation. Not every person who applies will be approved, and the amount you qualify for may be less than the maximum we offer. All products are governed by their respective terms and conditions. Title loans and related products are built for short-term financial relief. They are not designed to serve as ongoing credit facilities. If you find yourself in a cycle of borrowing, please reach out to a credit counseling professional for guidance. Online applicants should be aware that verification of submitted details may be necessary, which could delay funding by up to two business days after final approval.
Your FICO® Score is not affected when you submit a loan request to Swift Title Loans. We may check your background through a non-traditional consumer reporting agency. That check could show up on your record with the agency in question, but it has no impact on your FICO® Score.
USA PATRIOT ACT ACCOUNT OPENING NOTICE: Federal law mandates that financial institutions obtain, verify, and maintain a record of the information used to identify anyone who opens an account. During this process, you will be asked for your name, address, date of birth, and other identifying information. A driver's license or other form of government-issued ID may also be required.
*Completing the online request may take about seven minutes. Funding is subject to approval, document review, and receipt of all required signed documents submitted before noon local time on a business day.
^About “no store visit” and “no inspection”: These terms mean no in-person store visit or walk-around vehicle inspection at a branch. Applicants are still required to submit photos and/or videos of the vehicle, including all four exterior sides, interior front and back, odometer, and VIN. Some states may require an in-person visit by law for title verification, and we may require an in-person inspection if vehicle condition cannot be fully assessed from photos or videos. Loan availability, terms, and approval depend on state law and individual qualifications.
If you use a screen reader or experience any accessibility issues with this website, call (863) 591-5449 and we will provide the assistance you need.